Seven Six Capital Management LLC Takes Position in Boyd Gaming Co. (NYSE:BYD)

Seven Six Capital Management LLC purchased a new stake in Boyd Gaming Co. (NYSE:BYD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 126,300 shares of the company's stock, valued at approximately $9,162,000. Boyd Gaming accounts for about 8.0% of Seven Six Capital Management LLC's investment portfolio, making the stock its 2nd largest holding. Seven Six Capital Management LLC owned 0.14% of Boyd Gaming at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in shares of Boyd Gaming by 80.3% during the 4th quarter. UMB Bank n.a. now owns 393 shares of the company's stock worth $29,000 after acquiring an additional 175 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Boyd Gaming by 91.0% during the 4th quarter. CoreCap Advisors LLC now owns 573 shares of the company's stock worth $42,000 after acquiring an additional 273 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Boyd Gaming during the 4th quarter worth $67,000. Investment Counsel Co. of Nevada bought a new stake in shares of Boyd Gaming during the 4th quarter worth $73,000. Finally, Allworth Financial LP lifted its holdings in shares of Boyd Gaming by 2,735.1% during the 4th quarter. Allworth Financial LP now owns 1,049 shares of the company's stock worth $79,000 after acquiring an additional 1,012 shares during the last quarter. 76.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director William R. Boyd sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $79.32, for a total value of $1,189,800.00. Following the completion of the transaction, the director now owns 1,472,970 shares of the company's stock, valued at approximately $116,835,980.40. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christine J. Spadafor sold 1,125 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $75.28, for a total transaction of $84,690.00. Following the sale, the director now owns 4,852 shares in the company, valued at $365,258.56. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BYD shares. StockNews.com downgraded shares of Boyd Gaming from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price target on shares of Boyd Gaming from $74.00 to $80.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Wells Fargo & Company boosted their price target on shares of Boyd Gaming from $82.00 to $88.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Macquarie reissued a "neutral" rating and issued a $74.00 price target on shares of Boyd Gaming in a research note on Friday, April 25th. Finally, Truist Financial lowered their price target on shares of Boyd Gaming from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.69.

Boyd Gaming Stock Performance

NYSE:BYD traded down $0.62 during trading hours on Tuesday, hitting $74.05. 488,697 shares of the company were exchanged, compared to its average volume of 947,161. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 4.46 and a beta of 1.32. Boyd Gaming Co. has a 52-week low of $49.34 and a 52-week high of $80.50. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.82 and a quick ratio of 0.79. The company's 50 day moving average price is $67.93 and its 200-day moving average price is $71.83.

Boyd Gaming (NYSE:BYD - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.10. The company had revenue of $991.57 million for the quarter, compared to the consensus estimate of $976.38 million. Boyd Gaming had a net margin of 14.70% and a return on equity of 35.97%. Boyd Gaming's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.51 EPS. As a group, research analysts forecast that Boyd Gaming Co. will post 6.52 earnings per share for the current year.

Boyd Gaming Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 16th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, June 16th. Boyd Gaming's dividend payout ratio is presently 11.75%.

Boyd Gaming Profile

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. The company operates through Las Vegas Locals, Downtown Las Vegas, Midwest & South, and Online segments.